Monday, April 5, 2010

Here's One Place Transparency Mauritius Can Help

It should concentrate on finding out how the hell the STC lost Rs3 billion on hedging. Because more than a year has gone by and we're still in the dark as to how so much of our money was lost. Besides the STC doesn't have to undertake any hedging because it passes whatever it paid for petroleum products to us, along with a margin, through the Automatic Pricing Mechanism.

And I don't remember hearing de Navacelle when some people were saying that the public ought not to know who was getting money from the very controversial stimulus package Mauritius didn't need. Shouldn't he have been the first one to speak out and ask for a little bit of... transparency?

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